China Everbright Water, listed on both the Singapore and Hong Kong exchanges, has won a water treatment project worth some RM668 million.
The contract is to deliver the Shen County Waste Water Treatment (Plant 3) and ancillary pipeline network in Shandong province via a public-private partnership structure.
Under terms of the project, Everbright Water will hold a 98% equity interest, based on a build-operate-transfer model for a "cooperation" period of 30 years, which includes the time needed for construction.
According to Everbright Water, the project will be mainly responsible for providing industrial wastewater treatment services to those enterprises located in the Western Shandong Economic Development Zone of Shen County.
The plant will have a total designed daily waste water treatment capacity of 60,000 cubic metres.
Hu Yanguo, executive director and chairman of Everbright Water, describes this project as the largest industrial waste water treatment capacity and the highest discharge standard among those projects secured by Everbright Water to date.
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"Securing the project is the remarkable result of the efforts made by the specialised teams which were formed by the Company since last year on doing research and exploring the industrial waste water business, which is encouraging," he says.
Everbright Water's Singapore quoted shares closed Feb 20 at 24 cents, down 4.08%.
